Internal Auditor at Co-operative Bank of Kenya

Our client, a medium-sized Sacco in the Republic of Kenya with nine branches in different towns, wishes to recruit suitably qualified and experienced individuals.

Job purpose   

Reporting administratively to the Sacco Manager and functionally to the Board of Directors, the position will be responsible for the day to day coordination of the Society’s risk management and internal audit operations.  The position will also examine and report on the efficacy of accounting controls, information security, data integrity and adherence to operational policies and procedures and reporting to all stakeholders as required.

Main duties and responsibilities

• Identify, assess and report areas of significant business risk;
• Develop, implement and maintain internal audit policies and procedures in line with industry best practice;
• Review and report on the adequacy of internal control framework of the Sacco;
• Review and report on compliance to internal policies and regulatory standards;
• Assess the adequacy of laid down operational procedures and advise management appropriately;
• Prepare and implement annual audit plans;
• Conducting any special investigation as may be required by the Sacco from time to time;
• Review the Sacco’s network & information security infrastructure and report on adequacy & effectiveness; 
• Review and report on ERP system user maintenance and management practices; and
• Identify and report on income leakages in the Sacco; 

Key Qualifications & Experience

• Holder of a Bachelor of Commerce or Business Management degree (Accounting/ Finance options) or its equivalent from a recognized University;
• A CPA (K) and member in go od standing with ICPAK will be an added advantage;
• Demonstrable knowledge of credit and lending principles is required;
• Must know about information systems and preferably exposed to system audits;
• A minimum of 1-year relevant experience in a similar capacity; and
• Adequate knowledge of the regulatory framework in the Sacco sector will be an added advantage.
• Must have a current certificate of good conduct.